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Why Shares of Valero Rose 13.8% in October

TheMotleyFool

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Why Shares of Valero Rose 13.8% in OctoberPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Shares of oil refiner Valero (NYSE: VLO) rose 13.8% in October, according to data provided by S&P Global Market Intelligence. That was noticeably better than the overall market: The S&P 500 was only up by 2% during the same period.

Valero's outperformance was largely due to its third-quarter earnings report, which beat analysts' expectations when it was released on Oct. 24.

Most of Valero's revenue comes from its Valero-branded gas stations. Image source: Getty Images.

Source Fool.com

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